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Wafrah, SIECO sign 1Y distribution contract

Wafrah, SIECO sign 1Y distribution contract
SIECO will export Wafrah's products to Iraq, Jordan, and North Africa.
WAFRAH
2100
40.57% 46.95 13.55
SIECO
4140
8.18% 27.10 2.05

Riyadh – Mubasher: Wafrah for Industry and Development on Monday signed a sales and distribution agreement with Saudi Industrial Export company (SIECO) to export its products to Iraq, Jordan, and North Africa.

The agreement term is one year, starting from the date of signature, the company said in a bourse statement on Tuesday.

The financial results or any further developments of this agreement will be announced later, the company added.

In March 2017, Wafrah had signed a memorandum of understanding (MoU) with SIECO, to export Wafrah’s products and represent it before its clients outside Saudi Arabia, and the MoU was extended later in June for another three months.